In a bid to promote clean energy South Africa is on its way to introducing a price tag to carbon pollution after it’s National Assembly passed a bill against carbon pollution.
Minister of Finance Tito Mboweni announced that funds were being put in place to restructure ailing Eskom which is the state-owned utility which owns most of the country’s coal plants.
Adding that the issue of climate change affects all, the carbon tax will come into effect from 1st of June 2019.
In his budget speech on Wednesday, finance minister Tito Mboweni also announced funds to restructure ailing state-owned utility Eskom, which owns most of the country’s coal plants.
“The sustainability challenge affects us all. Climate change is real. The steps being undertaken at Eskom will allow us to expand renewable energy, and the carbon tax will come into effect from 1 June 2019”, Mboweni said.